Borealis Announces Closing of C$23 Million Bought Deal Offering, Including Full Exercise of the Underwriters’ Option

Borealis Mining Company Limited (TSXV: BOGO; OTC Pink: BORMF; FSE: L4B0) has successfully closed its previously announced “bought deal” financing, raising approximately C$23,011,500 from the sale of 15,341,000 common shares at C$1.50 per share, with the underwriters exercising their full option to purchase additional shares. Stifel Canada acted as lead underwriter, joined by Haywood Securities Inc. and Red Cloud Securities Inc. The net proceeds from the offering will be used to advance Borealis’ gold projects in Nevada and for general corporate purposes. As part of the transaction, the company also issued 913,793 compensation warrants to the underwriters, each exercisable for common shares at C$1.50 until January 15, 2028. The compensation warrants and any shares issued on exercise are subject to a statutory hold period that expires May 16, 2026. Shares were issued under the Listed Issuer Financing Exemption in Canada and on a private placement basis to eligible U.S. and international investors. Borealis’ financing remains subject to final approval by the TSX Venture Exchange. #BorealisMining #BoughtDealOffering #MiningFinance #GoldProjects #SlimScan #GrowthStocks #CANSLIM